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Bank Account-READING PRACTICE

1. The document provides instructions for opening a bank account, types of bank accounts, and how to use a bank account. 2. It describes the basic process for opening a bank account which involves visiting your local bank branch, filling out forms, and that's it. You will only pay bank charges if you overdraw your account. 3. It explains the differences between current and deposit accounts. Current accounts are for regular use and come with a checkbook but earn no interest, while deposit accounts earn interest but are not as easy to withdraw money from.

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194 views1 page

Bank Account-READING PRACTICE

1. The document provides instructions for opening a bank account, types of bank accounts, and how to use a bank account. 2. It describes the basic process for opening a bank account which involves visiting your local bank branch, filling out forms, and that's it. You will only pay bank charges if you overdraw your account. 3. It explains the differences between current and deposit accounts. Current accounts are for regular use and come with a checkbook but earn no interest, while deposit accounts earn interest but are not as easy to withdraw money from.

Uploaded by

his school
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Bank Account

Opening an account
1. Put each word or phrase in the group below in its correct place in the following passage.
overdraft formalities fill in account open branch bank charges
It’s very simple to (a) ___________ a bank (b) ___________ in Britain. There are very few (c)
________. Just go to your local (d) __________, (e) ___________ a few forms, and that’s it. You will
probably only have to pay (f) ___________ if there is no money in your account or if you borrow money
from the bank, in other words if you an (g) ___________.
Current and deposit accounts
2. Instructions as above.
notice current cheque withdraw deposit interest
For regular everyday use most people prefer a (a) ________ account. This normally earns no (b)
_________ but you are given a (c) ___________ book, which makes shopping and paying bills very
easy. A (d) _____________ account earns interest but it’s not so easy to (e) __________your money.
You sometimes have to give a week’s (f) ____________ .
Using your account
3. Instructions as above.
balance deposit withdrawal standing order statement

At regular intervals, perhaps monthly, you will receive a (a) ___________ from the bank, giving details of each
(b) ____________ (money you put in) and (c) ___________ (money you take out). If you’re not sure how much
money you have in your account, you can just go to your bank and ask what your (d) _________ is. If you have to
make a regular payment, like rent, you can ask the bank to pay this amount for you automatically. This
arrangement is called a (e) ____________ .
Spending
4. Instruction as above.
cash counterfoil income expenditure keep a record crossed overdrawn

Some people spend more money than they receive. In other words, their (a) ______ is greater than their (b)
_______ . If you take more money out of the bank than you have in your account, you (c) _______ . To (d)
________ of your spending, it’s a good idea when you write a cheque to fill in the (e) _____, which stays in the
book. Most cheques are (f) _______ cheques, which means that no one else can (g) _______ them. They must be
paid into someone’s account.
5. Put one the following words or phrases in each space in the sentences below.

out of from for at in to

a. He borrowed $10 ______ his father.


b. She filled _______ the cheque.
c. I asked _______ my balance.
d. I prefer a current account _______ a deposit account
e. You’ll get a statement _______ regular intervals.
f. He took $100 _______ his bank.
g. He withdrew $100 _______ his bank.

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